OREANDA-NEWS. June 27, 2011. Zhaikmunai (Uralsk), bonds of which are officially  listed on Kazakhstan Stock Exchange (KASE), provided today to KASE the following information: Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise, today announces an increase in reserves and strong reserves replacement and a further increase in production through its Gas Treatment Facility (GTF).

The independent Reserves Audit of its Chinarevskoye field in north-western Kazakhstan, as at 31 December 2010, was provided by petroleum consultants Ryder Scott Company, L.P. ("Ryder Scott").

HIGHLIGHTS FROM THE 2010 RESERVES REPORT AUDIT

- Proved plus probable gross reserves (2P) have increased by 11.9 mmboe   (2.3%) to 538.6 mmboe (July 1, 2009: 526.7 mmboe)

- Positive reserves replacement ratio of 208% based on a production of 5.7   mmboe during the period (July 1, 2009 - December 31, 2010);

- Proved reserves have increased by 4.4 mmboe (3.2%) to 143.5 mmboe (July   1, 2009: 139.1 mmboe);

- Probable reserves have increased by 7.5 mmboe (2.0%) to 395.1 mmboe   (July 1, 2009: 387.6 mmboe);

- The product mix between oil/condensate, LPG and dry gas remains   comparable to previous reports, i.e. oil/condensate: 40%; LPG: 15%; and dry   gas: 45%.